Volvo Cars announced a 10 billion SEK (€960 million/$1.1 billion) investment in its largest manufacturing plant - the Torslanda plant (northwest of Gothenburg city center) in Sweden - in preparation for the production of that next generation of fully electric cars.
The site, which opened in April 1964, currently operates on three shifts and employs around 6,500 people. Its annual production capacity is about 300,000 cars.
Thanks to the investment, a number of new and more sustainable technologies and manufacturing processes will be introduced at the plant, according to the company, This include:
